Somewhat Favorable News Coverage Somewhat Unlikely to Impact Steven Madden (SHOO) Share Price
News coverage about Steven Madden (NASDAQ:SHOO) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Steven Madden earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news coverage about the textile maker an impact score of 45.6555757217594 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- Dimensional Fund Advisors Lp Sold A Little More Steven Madden, Ltd. (SHOO) Stock (highlightpress.com)
- Steve Madden Ltd. Shoes Just Keep Walking (seekingalpha.com)
- Steven Madden, Ltd. (NASDAQ:SHOO) Receives Average Rating of “Buy” from Brokerages (americanbankingnews.com)
- See what the IHS Markit Score report has to say about Steven Madden Ltd. (finance.yahoo.com)
- Steven Madden Ltd. :SHOO-US: Earnings Analysis: Q2, 2017 By the Numbers : August 10, 2017 (finance.yahoo.com)
SHOO has been the topic of a number of recent research reports. BidaskClub raised Steven Madden from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Zacks Investment Research raised Steven Madden from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Tuesday, June 27th. Piper Jaffray Companies set a $41.00 price target on Steven Madden and gave the company a “buy” rating in a research report on Wednesday, May 31st. Citigroup Inc. upped their price target on Steven Madden from $44.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, April 25th. Finally, Morgan Stanley increased their price objective on Steven Madden from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 6th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Steven Madden has a consensus rating of “Buy” and an average price target of $43.32.
Shares of Steven Madden (NASDAQ SHOO) traded up 1.30% during mid-day trading on Friday, reaching $43.00. The company had a trading volume of 495,723 shares. Steven Madden has a one year low of $32.30 and a one year high of $43.15. The firm has a 50 day moving average of $40.21 and a 200-day moving average of $38.12. The stock has a market capitalization of $2.54 billion, a P/E ratio of 20.70 and a beta of 0.53.
Steven Madden (NASDAQ:SHOO) last released its earnings results on Tuesday, August 1st. The textile maker reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.06. The company had revenue of $374.15 million for the quarter, compared to the consensus estimate of $355.22 million. Steven Madden had a return on equity of 17.57% and a net margin of 8.19%. Steven Madden’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.42 earnings per share. Analysts forecast that Steven Madden will post $2.25 EPS for the current fiscal year.
In other news, COO Awadhesh K. Sinha sold 10,500 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $40.00, for a total value of $420,000.00. Following the transaction, the chief operating officer now directly owns 66,683 shares in the company, valued at $2,667,320. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Arvind Dharia sold 20,000 shares of the business’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $40.22, for a total value of $804,400.00. Following the completion of the transaction, the chief financial officer now owns 66,662 shares in the company, valued at $2,681,145.64. The disclosure for this sale can be found here. Insiders have sold 122,740 shares of company stock worth $4,832,677 over the last quarter. 2.20% of the stock is owned by company insiders.
Steven Madden Company Profile
Steven Madden, Ltd. and its subsidiaries design, source, market and sell name brand and private label footwear for women, men and children, and name brand and private label fashion handbags and accessories. The Company operates through five segments: Wholesale Footwear, Wholesale Accessories, Retail, First Cost and Licensing.
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